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originator

as defined in Directive 2006/48/EC of the European Parliament and of the Council of 14 June…, Article 4, point (41)

either of the following: (a) an entity which, either itself or through related entities, directly or indirectly, was involved in the original agreement which created the obligations or potential obligations of the debtor or potential debtor giving rise to the exposure being securitised; or (b) an entity which purchases a third party's exposures onto its balance sheet and then securitises them;

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